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The Swiss National Bank cut its key interest rate by 50 basis points to 0.5%, a bigger-than-expected move aimed at stemming gains in the franc. Most economists saw the SNB delivering a quarter-point reduction but policymakers opted for a larger move, sending the franc to the bottom of the G-10 FX leader board. The euro adds a few pips ahead of the European Central Bank decision where a 25-bp interest rate cut is widely expected. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. Chapters: 00:00:00 - The Opening Trade 00:00:55 - The Agenda: US CPI, SNB Decision, ECB Decision 00:09:40 - Police Investigate ‘Wanted’ Posters of Executives Around New York 00:13:26 - Janet Yellen Says Tariffs Could Harm US Competitiveness 00:24:02 - ECB Rate Decision Look Ahead 00:34:54 - Trump Invites XI Jinping to Inauguration: CBS 00:39:44 - South Korean President Yoon Set To Face Second Impeachment Vote 00:46:04 - European Market Open 01:04:36 - NATO Weighs Defense Production Targets 01:15:42 - Flix CFO Explains Postponing IPO 01:19:05 - UniCredit on UK IPO Market Sinking Below Oman 01:25:18 - SNB Cuts Policy Rate by 50 Bps to 0.5% 01:30:14 - ECB Rate Cuts in 2025 01:31:39 - Romania, Bulgaria Win Full Access to Passport-Free EU Area 01:32:18 - France: Possible New Prime Minister -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: / bloombergtv Facebook: / bloombergtelevision Instagram: / bloombergtv Connect with Bloomberg Business on: X: / business Facebook: / bloombergbusiness Instagram: / bloombergbusiness TikTok: https://www.tiktok.com/@bloombergbusi... Reddit: / bloomberg LinkedIn: / bloomberg-news More from Bloomberg: Bloomberg Radio: / bloombergradio Bloomberg Surveillance: / bsurveillance Bloomberg Politics: / bpolitics Bloomberg Originals: / bbgoriginals Watch more on YouTube: Bloomberg Technology: / @bloombergtechnology Bloomberg Originals: / @business Bloomberg Quicktake: / @bloombergquicktake Bloomberg Espanol: / @bloomberg_espanol Bloomberg Podcasts: / @bloombergpodcasts